Alden McDonald, President and CEO of CDFI Bank Liberty Bank says the Hurricane Katrina recovery in New Orleans is far from complete. Despite a rising narrative of a recovery that has transcended racial boundaries, a black homeowner was more than three times more likely than a white one to live in a flooded part of town — and the legacy of that disparity lingers on. Today, there are still 100,000 fewer black residents living in New Orleans than at the time of Katrina. In the aftermath of the storm, Liberty committed itself to getting its customers back on their feet, with generous grace periods on home and other loans. Its efforts continue today in the form of its $20 million Gentilly Homeowner Initiative, which helps families return to the city and rebuild.